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on that shooting at the sandy hook elementary school in newtown, connecticut. nbc news is reporting as many as 27 people may be dead from that shooting which broke out this morning shortly after 9:30. that's when police were called. as many as 17 to 18 of the victims are children. 7 to 8 adults including the gunman who authorities described to nbc news as a 20-year-old connecticut man who was dressed in black and was carrying two handguns. connecticut state police are set to begin a briefing at this hour. danbury officials and hospital officials tell nbc news that at least three people have been transported to the hospital. again, to as many as 27 people killed. we will bring you more details as they become available. back to you. >> thank you very much, bertha. we'll keep checking back with you and monitoring the situation. obviously an incredibly tragic situation still unfolding in newtown, connecticut. we will keep you up to date as new information does become available, but right now we turn our attention to what we do here at cnbc. our focus is the markets. we will be following the other sto
in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. this one was not today. this is an interesting development but a grim-faced speaker bainer who arrived back up on capitol hill not talking to reporters. we don't yet have a sense of what was in the meeting, what the substance of it was. what we do know is what speaker boehner offered on friday, in a phone call to the pr
's shooting in connecticut. should investors, rather than the government, take the lead in attempting to influence gun policy? >>> herb greenberg will be out with his list of the worst ceos of the year. in this hour he will reveal number three. my partner sue herera on the floor of the new york stock exchange. hi, sue. >> hi, ty. it's a strong day with a triple digit advance. we have 13 days until america goes off the fiscal cliff. events moving faster in washington. house speaking boehner meeting with party members, moving to plan b. that deals with bush era tax cuts. the white house rejected that. investors like whatever progress we're seeing. s&p 500 at a two-month high. s&p up 1 1/3 -- 1.1 on s&p, dow jones industrial average up 114 points, almost a full% enand nasdaq up 1 1/3. the latest on how those negotiations are progressing. >> over the last 24 hours or so we've had a flurry of proposals, counter proposals, responses, responses to responses. as it lies right now, basically all those responses have been rejected by the other side. at the top of 2:00, we should have a new roun
power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the income threshold for tax increases, and he has the upper hand in public opinion. there's no question about that. he is not surrendering that at this point. the question is whether speaker john boehner can move his caucus, even as far as he's already moved further toward the president. that's what the next couple days are going to be about. >> thank you very much, john. do you think, you think really sort of rumbling that we're hearing means that we have actually moved further away from the possibility of what i'm going to call the first of the 12 days of cliffness? >> insiders in both parties are telling me they think the prospects of no deal and going over the cliff have risen significantly. now, i continue to think that the fundamentals exist, as the president said in his news conference, there are only a few hundred billion dollars apart ov
tragedy in newtown, connecticut. today the nra is speaking out. they add big major suggestion for the country. is it a good idea? we'll discuss when we come back. i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 ...until i choose
in west haven, connecticut. we are being held up dramatically by the lack of decision making. what we're finding is the uncertainty of the fiscal cliff is keeping people from making decisions where it hits our order flow. we'll be forced with even more of aal of layoffs. doing nothing is not an option. help us get strong again right here in america. >> announcer: the bond report is sponsored by pimco. your global investment authority. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. just like you. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. yo
. they are surging repossessions up in and 84% jump in new jersey and up as well in connecticut. you don't need a crystal ball it see the future. just the foreclosure starts numbers. that the first stage of foreclosure in new york, new jersey, arkansas and washington. you see the repo man will be busy there in 2013. now, home prices have been rising nicely. but this new supply of bank-owned properties coming to market next year could temper though gains a bit and remember, the overall drop in foreclosure activity is due it a big jump in short sales and principal reduction loan mods and those are on the fiscal cliff if we lose on the forgiveness. we have plenty more to look at on the facebook page, so go ahead and go to it, as well as the blog. sue? >> thanks, we will. >> the global natural resources continues. they just inked a joint venture with aca. you see the stock pop reopen. it was halted for trading. they are doing a joint venture in canada for space of land that could have up to 9 billion barrels ever oil or equivalent. they are paying a billion up front at close. another billion over f
Search Results 0 to 6 of about 7